DKK/NOK - 1H - Technical analysis published on 12/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.4062 NOK
My targets
1.4194 NOK (+0.0083)
1.4346 NOK (+0.0235)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/NOK as long as the price remains well above 1.4062 NOK. The buyers' bullish objective is set at 1.4194 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4346 NOK. If there is any crossing, the next objective would be the resistance located at 1.4959 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The DKK/NOK rating is 1.4111 NOK. The price has increased by +0.53% since the last closing and was traded between 1.3978 NOK and 1.4138 NOK over the period. The price is currently at +0.95% from its lowest and -0.19% from its highest.1.3978
1.4138
1.4111
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DKK/NOK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/NOK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3917 | 1.3978 | 1.4062 | 1.4111 | 1.4122 | 1.4346 | 1.4959 |
| Change (%) | -1.37% | -0.94% | -0.35% | - | +0.08% | +1.67% | +6.01% |
| Change | -0.0194 | -0.0133 | -0.0049 | - | +0.0011 | +0.0235 | +0.0848 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3615 | 1.3710 | 1.3873 | 1.3968 | 1.4131 | 1.4226 | 1.4389 |
| Camarilla | 1.3966 | 1.3990 | 1.4013 | 1.4037 | 1.4061 | 1.4084 | 1.4108 |
| Woodie | 1.3650 | 1.3727 | 1.3908 | 1.3985 | 1.4166 | 1.4243 | 1.4424 |
| Fibonacci | 1.3710 | 1.3808 | 1.3869 | 1.3968 | 1.4066 | 1.4127 | 1.4226 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3516 | 1.3629 | 1.3742 | 1.3855 | 1.3968 | 1.4081 | 1.4194 |
| Camarilla | 1.3794 | 1.3815 | 1.3835 | 1.3856 | 1.3877 | 1.3897 | 1.3918 |
| Woodie | 1.3517 | 1.3629 | 1.3743 | 1.3855 | 1.3969 | 1.4081 | 1.4195 |
| Fibonacci | 1.3629 | 1.3715 | 1.3768 | 1.3855 | 1.3941 | 1.3994 | 1.4081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3008 | 1.3327 | 1.3550 | 1.3869 | 1.4092 | 1.4411 | 1.4634 |
| Camarilla | 1.3625 | 1.3675 | 1.3724 | 1.3774 | 1.3824 | 1.3873 | 1.3923 |
| Woodie | 1.2961 | 1.3303 | 1.3503 | 1.3845 | 1.4045 | 1.4387 | 1.4587 |
| Fibonacci | 1.3327 | 1.3534 | 1.3662 | 1.3869 | 1.4076 | 1.4204 | 1.4411 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.44 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 19.7781 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.4121 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4057 | |
| Elder Ray (13): | 0.0029 | |
| Super Trend (3,10): | 1.4037 | |
| Zig ZAG (10): | 1.4114 | |
| VORTEX (21): | 1.1436 | |
| Stochastique (14,3,5): | 85.21 | |
| TEMA (21): | 1.4124 | |
| Williams %R (14): | -15.00 | |
| Chande Momentum Oscillator (20): | 0.0090 | |
| Repulse (5,40,3): | 0.0509 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0398 | |
| Courbe Coppock: | 1.34 |
| MA7: | 1.3911 | |
| MA20: | 1.3941 | |
| MA50: | 1.3942 | |
| MA100: | 1.3678 | |
| MAexp7: | 1.4106 | |
| MAexp20: | 1.4066 | |
| MAexp50: | 1.3993 | |
| MAexp100: | 1.3935 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +3.17% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | +1.26% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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